The Finance Ministry has deferred any decision on proposals by two multi-system operators (MSOs), Hathway Cable and Datacom Limited and Den Networks, for increasing the foreign direct investment to 74 per cent.
The action was taken on the advice of the Foreign Investments Promotion Board (FIPB).
Hathway Cable and Datacom Limited had sought approval for increasing foreign investment limit for FIIs, FPIs, etc. under the Portfolio Investment Scheme from 49 per cent of its issued and fully paid up share capital to 74 per cent.
The government had in 2012 relaxed foreign direct investment (FDI) limit in direct to home (DTH), cable TV industry and teleports from 49 per cent to 74 per cent.
Indian Television Dot Com | FinMin defers decision on Hathway & Den’s proposals for increasing FDI
The action was taken on the advice of the Foreign Investments Promotion Board (FIPB).
Hathway Cable and Datacom Limited had sought approval for increasing foreign investment limit for FIIs, FPIs, etc. under the Portfolio Investment Scheme from 49 per cent of its issued and fully paid up share capital to 74 per cent.
The government had in 2012 relaxed foreign direct investment (FDI) limit in direct to home (DTH), cable TV industry and teleports from 49 per cent to 74 per cent.
Indian Television Dot Com | FinMin defers decision on Hathway & Den’s proposals for increasing FDI
